TCS may say 'tata' to employees

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Mumbai, Feb 26: Tata Consultancy Services (TCS) on Thursday, Feb 26 said that job cuts are possible as part of cost cutting measures and ruled out salary hikes next year.

TCS Managing Director S Ramadorai said that the company has frozen 'lateral intake' and is reviewing variable pay component on employees salaries.

"The variable pay component of TCS employees differs between 22 per cent and 35 per cent of his/her gross salary, depending on employee rank," he said.

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